Newell Brands Inc. (NASDAQ:NWL) Given Average Recommendation of “Hold” by Brokerages

Shares of Newell Brands Inc. (NASDAQ:NWL) have earned a consensus recommendation of “Hold” from the eleven analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $8.80.

NWL has been the topic of several research analyst reports. Canaccord Genuity Group increased their price target on shares of Newell Brands from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Wells Fargo & Company lifted their target price on Newell Brands from $6.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their price target on Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Royal Bank of Canada lifted their price objective on Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. cut their target price on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th.

Newell Brands Trading Up 21.6 %

Shares of NWL opened at $8.73 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.51 and a current ratio of 0.98. The company has a market cap of $3.62 billion, a price-to-earnings ratio of -12.13, a PEG ratio of 1.31 and a beta of 0.91. The stock has a fifty day moving average price of $7.44 and a two-hundred day moving average price of $7.32. Newell Brands has a 52-week low of $5.39 and a 52-week high of $9.24.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Newell Brands had a positive return on equity of 13.04% and a negative net margin of 3.43%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the business posted $0.39 earnings per share. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. Analysts predict that Newell Brands will post 0.65 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.07 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.28 annualized dividend and a yield of 3.21%. Newell Brands’s dividend payout ratio (DPR) is presently -38.89%.

Institutional Trading of Newell Brands

A number of large investors have recently made changes to their positions in the company. Rothschild Investment LLC acquired a new position in shares of Newell Brands in the 2nd quarter valued at approximately $26,000. NBC Securities Inc. lifted its stake in Newell Brands by 50.5% in the first quarter. NBC Securities Inc. now owns 5,302 shares of the company’s stock valued at $42,000 after buying an additional 1,780 shares in the last quarter. Gradient Investments LLC acquired a new position in shares of Newell Brands in the second quarter valued at approximately $46,000. Quarry LP increased its position in shares of Newell Brands by 104.4% during the second quarter. Quarry LP now owns 7,941 shares of the company’s stock worth $51,000 after acquiring an additional 4,056 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Newell Brands during the second quarter worth $58,000. Institutional investors own 92.50% of the company’s stock.

Newell Brands Company Profile

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.